Characteristics of an Effective Entrepreneur

My Saturday musings:

Entrepreneurship is collectively defined as exhibiting one’s business vision, taking action, pursuing that vision as a tangible goal and achieving it in life.  The unrefined definition is getting your butt off of that couch and doing something rather than fulfilling your life’s destiny of being a couch potato wishing life were different for you.

Stated below are some of the distinct attitudes an entrepreneur should positively have:

Optimism – is foreseeing things in a positive way notwithstanding any circumstances that may hinder progress. The assertiveness of the entrepreneur depends on the skill in handling a difficult situation and landing on top. Size of you verses size of problem is the equation. Enough building of you will minimize the problem, not enough building of you will magnify the problem so it will be too big. Optimism sees problems as challenges not obstacles to stop one.

It is necessary for a entrepreneur, even in the beginning stages, to be positive about all endeavors. You must be very observant of what the environment lacks and needs. The positive mind set frees thinking so they can be tuned into the environment and needs of others. You, as a leader, need to have sturdy shoulders to put on the extra weight of carrying a responsibility that will change your life as well as the life of others.

Stability – Physical, mental, social and emotional, a leader must possess a stable life which means you can handle tough situations during tough times. You’re grounded and know what you want and how to handle life.

Charismatic – You need to be an evangelist and skilled in communicating with different walks of life.  As an entrepreneur you must have the fire and wherewithal in expressing your ideas and dreams so others will jump on board if you choose to build a team.  If you’re solo, you need to have a belief so real that no one can talk you down.

Risk-taker – As someone willing to live your own dream, you should be fixed on your goal and have the guts to take the big leap of plunging into your own doom or success. You can’t be afraid of taking chances when opportunity strikes.

Small businesses, in time, can turn out big if the scope of management exceeds what is expected. The entrepreneurial mind has to be ready to handle the onset of success or the lessons of failure.

Energetic – You must be willing to do whatever it takes to reach the finish line. Your drive must always be at its highest level. You will work overtime and often. Enthusiasm and focus must prevail over the next best thing.

Time bound – Being aware of the need to work your own predetermined deadlines or goals in when the project need be finished without being prompted is a must in the life of an entrepreneur. If you need motivation or time limits imposed on you then you need to get a job.

One’s greatest failures of entrepreneurism is sticking with the mentality of being conventional. This is an entrepreneur’s greatest downfall and turns you back into an employee. Think big. Act. Make your business dreams come true.

Once you learn to master your own emotions and to control the way you think, you become that much closer to success. For it has been said, success is 90% attitude and only 10% the rest.

Until next time – dream big and ACT on those dreams

{ 1 comment… read it below or add one }

Dave Paulson October 1, 2010 at

Thanks for the nicely compiled article, I do say though I really need to work on time bound. I can’t seem to keep track on the amount of work I have to do or the deadlines etc.

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